@William Coet, as Jackson noted, there are too many variables to even begin.Two things to remember, any tax losses you utilize to offset incomes, will reduce basis making bigger tax bill in sale year.  

Last think to consider when purchasing a home is utilizing a 401k loan if you have a 401k established.

If you have a plain jane property, you are better off learning how to get repeat customers and partner with local businesses.

I won't be charging him any rent, he will just pay for the utilities used for that period. 

What's next pay their utilities for them.....? 

Rent assistance is also provided by other factors such as number of bedrooms and if the Landlord is providing any of the utilities.

You're running a business and knowing your customers to maximize returns is important.

After talking with planning they mentioned that utilities were 2 miles (10,000+) ft away.

Quick question to everyone, if you are not utilizing a wholesaler, then what is the way you find the best deals?

But you know enough to be able to fill in the blanks and get close... public records, utility companies, visiting with residents, walking the park and networking with other park owners.